THE GEORGE WASHINGTON FOUNDATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1922

Legal Domicile

Principal Officer

WILLIAM E GARNER

Phone

5403733381

Tax Period

2024-01-01 to 2024-12-31

THE GEORGE WASHINGTON FOUNDATION, founded in 1922, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.4M in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $545K, a strong 16% operating margin.

Mission

THE MISSION OF THE GEORGE WASHINGTON FOUNDATION IS TO ENHANCE THE PUBLIC UNDERSTANDING OF THE LIVES, VALUES, AND LEGACIES OF GEORGE WASHINGTON, FIELDING AND BETTY WASHINGTON LEWIS AND THEIR FAMILY MEMBERS, PARTICULARLY IN THE BROADER CONTEXT OF THE CULTURE OF THE FREDERICKSBURG, VIRGINIA AREA.

Program Service Accomplishments

Program 1

Expenses: $475,456

THE ARCHAEOLOGY DEPARTMENT IS RESPONSIBLE FOR CONDUCTING ARCHAEOLOGICAL EXCAVATIONS AT FERRY FARM AND KENMORE. IT ALSO CONDUCTS HISTORICAL RESEARCH AND STUDIES THE RECOVERED MATERIAL GOODS LEFT...

THE ARCHAEOLOGY DEPARTMENT IS RESPONSIBLE FOR CONDUCTING ARCHAEOLOGICAL EXCAVATIONS AT FERRY FARM AND KENMORE. IT ALSO CONDUCTS HISTORICAL RESEARCH AND STUDIES THE RECOVERED MATERIAL GOODS LEFT BEHIND BY OTHERS INCLUDING THE WASHINGTON FAMILY AND THEIR ENSLAVED WORKERS, NATIVE AMERICANS, PARTICIPANTS IN THE BATTLE OF FREDERICKSBURG, AND OTHERS. THE RESEARCH CONDUCTED BY THE DEPARTMENT INFORMS EXHIBITS, THE FOUNDATION'S WEB PAGE, PUBLICATIONS, PUBLIC TALKS AND EDUCATIONAL PROGRAMMING.

Program 2

Expenses: $781,636

THE EDUCATION DEPARTMENT PROVIDES EDUCATIONAL PROGRAMS FOR LEARNERS OF ALL AGES AND ABILITIES BY OFFERING DAILY TOURS FOR VISITORS TO THE PROPERTIES, STATION-BASED FIELD TRIPS FOR SCHOOL GROUPS...

THE EDUCATION DEPARTMENT PROVIDES EDUCATIONAL PROGRAMS FOR LEARNERS OF ALL AGES AND ABILITIES BY OFFERING DAILY TOURS FOR VISITORS TO THE PROPERTIES, STATION-BASED FIELD TRIPS FOR SCHOOL GROUPS, SPECIAL EVENTS FOR THE GENERAL PUBLIC, AND SUMMER CAMPS FOR YOUNG LEARNERS. THE DEPARTMENT ALSO OFFERS PROGRAMS TO MAKE THE MUSEUM ACCESSIBLE AND A MORE ENRICHING LEARNING EXPERIENCE TO ALL.

Program 3

Expenses: $240,871

THE CURATORIAL DEPARTMENT DOCUMENTS, RESEARCHES, CONSERVES AND INTERPRETS THE FOUNDATION'S COLLECTIONS OF 18TH AND 19TH CENTURY OBJECTS AND MANUSCRIPTS, THE MOST IMPORTANT OF WHICH IS KENMORE, THE...

THE CURATORIAL DEPARTMENT DOCUMENTS, RESEARCHES, CONSERVES AND INTERPRETS THE FOUNDATION'S COLLECTIONS OF 18TH AND 19TH CENTURY OBJECTS AND MANUSCRIPTS, THE MOST IMPORTANT OF WHICH IS KENMORE, THE GEORGIAN HOUSE BUILT BY BETTY AND FIELDING LEWIS IN THE 18TH CENTURY. AS SUCH, THE CURATORIAL DEPARTMENT IS ALSO RESPONSIBLE FOR ANY PRESERVATION-BASED MAINTENANCE, REPAIR OR RESTORATION NECESSARY AT KENMORE, INCLUDING THE MONITORING OF THE INTERIOR ENVIRONMENTAL CONTROL SYSTEMS. THESE RESPONSIBILITIES ARE CARRIED OUT IN CONSULTATION WITH THE PROPERTIES DEPARTMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,573,665

Program Service Revenue $237,438

Investment Income $1,522,670

Other Revenue $16,580

TOTAL REVENUE $3,350,353

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,625,101

Fundraising Expenses $323,905

Program Expenses $1,953,837

Other Expenses $1,180,131

TOTAL EXPENSES $2,805,232

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,350,353	$2,238,621	+0.5%
Expenses	$2,805,232	$2,506,620	+0.1%
Net Income	$545,121	$-267,999	-3.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

129

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$212,695

Total Directors